Not yet, but price is moving up on its way.
Until the Yellow Shadow is really BO in this price structural, still a relief rally.
Will follow up thread.
Posted 22 January 2016 - 01:46 PM
Not yet, but price is moving up on its way.
Until the Yellow Shadow is really BO in this price structural, still a relief rally.
Will follow up thread.
Posted 22 January 2016 - 02:06 PM
An equal but parallel downtrend line would give a target of around 1940.
Posted 22 January 2016 - 02:23 PM
Ticker, someone's forecast yesterday is very close to yours. I hope both of you are right.
http://www.traders-t...-1838/?p=739471
Posted 23 January 2016 - 10:02 PM
I may call the day I am setting up short end of Feb.
I should be buying some long RUT calls in a down day in last week of Jan, I usually
do that on the last Tues of month.
Otherwise I am holding stocks until late Feb, these are small accounts I didn't trade at all
in this decline, in the 401k
I moved some from cash and bond fund to stocks over a few of the last days down. That
account is down 3%, I think there is some NAV falsification going on. My small stock accounts
are not bad either. The drop was worse than I expected but my stocks did not cause me alarm
to do any hedging. Once I missed the setup for that decline I figured I would just take it and line
up better in the wave 2 bounce. I think Feb recovery will be wave ii of 3.
That's my idea from bad long term weekly cycles but a daily basis RUT recovery through Feb.
"marxism-lennonism-communism always fails and never worked, because I know
some of them, and they don't work" M.Jordan